415 - annual accrual vs total benefit

[figure 8]

Say you have a plan where the owner's benefit is currently not very close to the 415 limit. However, the owner wants to significantly increase the benefit formula.

What's the maximum benefit that can be accrued/funded for the current year? Is it based on an accrual of $1750/month ($210k * 1/10 / 12)? Or can it be based on an accrual in excess of $1750/month, as long as the total accrued benefit does not exceed the total benefit allowed by 415?

[Effen]

You can fund whatever you want in the current year as long as the total AB doesn't exceed the 415 limit.

[figure 8]

Thanks, that's what I had been thinking.